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Custom Spread Indicator MT4

FREE

Published: 26 October 2020

Current version: 1.1

Custom Spread Indicator MT4

Name: Custom Spread Indicator MT4
Rating: 4.7391305 (23 reviews)
Author: Ritter Jozsef

4.74

Indicators
Ritter Jozsef
Version: 1.1
Updated: 31 October 2020

Custom Spread Indicator

*Please write a review, thanks!

Also MT5 version is available

Spread Indicator show the current spread in pips with color codes.

Handle 3 levels, Low, Medium, High.

You can set levels and colors for each level (eg. Low: Green, Medium: Orange, High: Red), and can choose display position on the chart.

There is two spread calculation mode:

-> Server spread value

-> Ask - Bid value

Can set opacity, for better customization.

When spread jump bigger, then display do not jump, just slide to the new value, and looks smooth moving, not fluttering.

Try it out, and write a comment, thanks!

more...

PetoForex 2024.01.08 17:54 #

It is a good indicator. We use all my charts. Thanks!

199

271811 2023.12.28 19:36 #

very good indicator to have on your charts

Cedric92 2023.05.18 00:54 #

A fabulous tool to evaluate the level of the spread. I recommend it

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Filter:

Eduardo Peregrina 2024.06.20 07:42 #

indicador muy util, en lo personal lo ocupo todo el tiempo

PetoForex 2024.01.08 17:54 #

It is a good indicator. We use all my charts. Thanks!

199

271811 2023.12.28 19:36 #

very good indicator to have on your charts

Cedric92 2023.05.18 00:54 #

A fabulous tool to evaluate the level of the spread. I recommend it

Willy63 2023.04.27 21:22 #

Nice, works, useful tool,thanks

453

clearsearcher1 2022.12.07 03:32 #

Simple and easy. Thanks

chuckD 2022.11.18 21:45 #

Works perfectly!

Muhammad Zubair 2022.10.21 09:37 #

Very Good

1330

Sun Ren Gao Yu 2022.10.12 19:29 #

very useful this indicator shows spread real time.

davette965 2022.10.11 18:05 #

User didn't leave any comment to the rating

576

Justin Davis 2022.09.27 20:47 #

Great Indicator! Is there any way you could create a spread dashboard that shows the spread of multiple pairs at once? I'm thinking whatever currency pairs are in the market watch, it could generate the current spreads for them on a clean and easy to read dashboard. Thanks!

133

manilenio 2022.07.19 11:40 #

I'd like to say that it's great, and for the most part, it is. However, I'm sometimes confused because for example Gold, my other indicator says it's 25 pips, but this indicator says it's 2.5 pips. There's a discrepancy I don't know how to resolve. I'd be glad to change this rating if the dev could clarify it.

14750

Reply from developer Ritter Jozsef 2022.07.19 13:01 #

Dear manilenio,
in generally 1 pips = 10 points (or pipettes), on 5 digit broker it's the 4th digit in the price. Some pair or broker deflect from this value, and sometimes use points as pips. In this free indicator i use fix 10 multiplier. So 2.5 pips *10 = 25 points.
Regards, Jozsef

102

brooks anderson 2022.07.11 18:34 #

nice indi. thanks

Asamoakk 2022.06.30 17:26 #

Very NIce indicator; my chart is always bare; but THIS, necessary. The MT5 version is better though; able to change the "view on all time frames" to a few, but this one stuck. Thanks though. Much love

132

Mohibul Hoque 2022.06.21 21:26 #

this is amazing thank you. would like to add change the size of the pips text that would be great thanks again!

twoolf 2022.05.19 16:50 #

Very nice looking spread indicator, and does what it needs to do. Thank you very much!

paulobu 2022.03.27 08:47 #

Very helpful indicator at the time you make a trading decision.

243

Sairam Choda 2022.03.04 04:36 #

super indicator

123

khll62 2022.02.13 19:15 #

جميل

587

Anthony DINALLO 2021.12.29 01:20 #

Excellent indicator, works great. Thank you for providing such a valuable and free tool.

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Version 1.1 2020.10.31

Repaired display on closed market